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In what ways can the Excel forecast tool help determine future base values from knowing the relationship between past values. The table below is an example. If you want to on your own, use the Excel forecast to predict future periods, using the same technique as the example at the URL.
Below you have been given some data over time; conduct a simple regression analysis of the data over time. What is the trend or message that this data is telling you? What might be missing from this data?
Discuss the function of the following statistical terms. Why are they important?
Line of best fit
R2 value
Slope
The following can be used to practice the Excel Regression if you like.
Pool
Base
Our review Determined
2011
3,000,000
1,500,000
2012
3,200,000
2,000,000
2013
3,300,000
2,200,000
2014
3,600,000
2,500,000
2015
3,400,000
2,300,000
Proposed
2,400,000
2,600,000
Use the Excel Forecasting tools to create projected revenue and profit, based on historical data.
Discuss and graphically illustrate the welfare (Pareto Efficiency) implications of the above market structures. Can governmental intervention improve welfare? Can governmental intervention be harmful in some special cases?
Suppose you have $800 to spend on either concert tickets or CDs. Concert tickets cost $50 each, and CDs cost $20 each. Let T = the number of Concert Tickets
An engineering firm estimates that its cost for employer sponsored health insurance will be $750,000 next year and increase at 9% per year for the next 8 years. The company CFO wants to budget a uniform amount each year to cover these costs.
It has been said that if government wishes to tax certain goods, it should tax goods that have inelastic rather than elastic demand. What is the rationale for this?
Enter the lower and upper bounds for the interval in the following boxes, respectively. Round your answers to the same accuracy as the mean and standard
In a small open economy with a FIXED EXCHANGE RATE, the central bank buys foreign currency in the foreign exchange market to prevent a depreciation of the nominal exchange rate.
Discuss how communication plays a role in academic, professional, personal, and civic aspects of your life. Next, provide two (2) examples of how communication.
How would you go about determining whether innovation and the incentives for innovation are becoming more important factors in the performance of firms and industries?
Consider a market with a demand curve of P=10-Q and a supply curve of P=Q. Before the imposition of a tax, equilibrium quantity is 5, and equilibrium price is $5 (verify this). If a tax of $5 per unit is placed on this market, quantity traded falls t..
Larry works for Shannon as a salesperson. Shannon gave Larry a credit card with Larry’s name on it so that Larry could charge necessary business expenses to Shannon’s business account. Larry charged $1,000 in personal expenses, wholly unrelated to La..
What is the differentiation and product position of an iphone 11
What is the average price you paid per share of stock? (please round your answer to 2 decimal places)
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